Vision
PCCI is the voice of Philippine business recognized by government and international institutions. As a proactive catalyst of development, PCCI promotes and supports the drive for globally competitive Philippine enterprises in partnership with government, local chambers, and other business organizations.
Mission
The main responsibility of PCCI is to provide focused advocacy for business growth and sustainable development by providing business services for the advancement of grassroots entrepreneurship, chamber development, international trade relations, business innovation and excellence, and operating efficiency. These will be achieved through a professional organization working in close cooperation with various stakeholders in public and private sectors.
Integrated National Financing Framework to strengthen SDG implementation
Development stakeholders, government, development partners and private sector stakeholders, have united in the call to strengthen and accelerate financing to meet their Sustainable Development Goals (SDGs) targets within the nationally-set timelines.
Introduced by the United Nations (UN), the Integrated national financing frameworks (INFFs) provide a framework for financing national sustainable development priorities and the SDGs at the country level. A country’s sustainable development strategy lays out what needs to be financed. The INFFs spell out how the national strategy will be financed and implemented.
The UN’s Philippine Resident Coordinator, Mr. Gustavo Gonzalez, emphasized the importance of climate and environmental sustainability in the national planning processes and the private sector business models.
The INFF lays out a full range of financing sources from domestic and international sources both public and private. It is developed and implemented through four building blocks: assessments and diagnostics, financing strategy, monitoring and review, and governance and coordination. These blocks represent a critical component in building national capacity to strategically plan and manage the financing of sustainable development actions.
The INFF can also help the Philippine government to mobilize additional financing development, though many of its elements are already present in the country’s development plans, the Ambisyon Natin 2024, the financing strategy of the Department of Finance, and in the Philippine Development Plan which is anchored on a long-term vision and accompanied by a strong overarching monitoring framework used to track progress.
“The concept of INFF is operational in 86 countries, including the Philippines. It aims to unlock a wide range of resources for financing that can accelerate the achievement of SDGs and link together policies for planning, budgeting, and financing,” Gonzalez said.
The National Economic and Development Authority (NEDA), the lead government counterpart in the JP INFF, acknowledged the latter’s efforts in starting conversations towards data sharing and financing strategies considering a new iteration of development priorities. “With the additional value of the robust information from the various JP INFF outputs, we see a greater opportunity to develop a more informed and risk-based approach in the country’s new development plan and investment program,” said Undersecretary Joseph Capuno of the NEDA Investment Planning Group.
--- Joanna Paula Pascual